The market has been relatively brisk with a number of properties selling quickly and prices have been holding.
The average time to sell took 32 days.
At the moment there are 553 homes and condos for sale. The most we have seen in several months. With the holiday season upon us you can expect activity to wane.
40% of the sellers currently on the market are asking above $2,000,000. Yes Oakville is an expensive town. Thankfully there is some relief with the dropping interest rates. The next drop is expected on Dec 11th.
The average sale price for a detached 2-storey home was $2,227,915, up almost 3% from a year ago. Bungalows averaged $1,544,929.
Condo apartments avaraged $984,252 however, if you back out a $4.8mm DT condo sale sale that number drops to $746,750.
Freehold and condo THs sold for $1,198,600 and $892,857, respectively. While stacked THs averaged $662,000. Semi-detached and link homes did not trade during the month.
There are 148 properties available for lease. 39 leased in October ranging from $1,400 for a basement apartment and $5,500 for a stylish townhome.
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